Dogecoin Gets Major Upgrade With Cardinals Index Node Launch, Analyst Predicts 37x Rally

Dogecoin’s utility gets a major boost after the network released a new upgrade to its ecosystem. Following this, an expert predicted a potential 37x DOGE price rally as bullish fundamentals grow.

Dogecoin Makes an Upgrade to Boost Network Efficiency

Dogecoin has rolled out the Cardinals Index Node on its network. This new feature allows anyone to run a node and validate on-chain transactions. It also enhances the network’s distributed ledger by facilitating faster and easier data indexing. This change helps more people participate in the network.

Beyond decentralization, the Cardinals Index Node introduces a boost in indexing speed, achieving up to 500 milliseconds. This could change the way UTXO-based blockchains handle programmability.

This would enable similar “smart contract-like” functionality in relation to Bitcoin without relying on external frameworks such as Ethereum’s EVM or Layer 2 extensions. The upgrade expands its potential use cases beyond simple peer-to-peer payments.

The new upgrade follows previous updates. For example, the team launched a new platform called DogeOS. It enables developers to build decentralized applications, or dApps, directly on the network. DogeOS supports a variety of applications, including games and AI-powered finance tools.

The DogeOS team also proposed, in July, OP_CHECKZKP, a mechanism to introduce zero-knowledge proofs (ZKPs) and zk-rollups. The upgrade would significantly enhance scalability and security.  According to MyDoge CTO Alex, the system “adds programmability to the settlement layer to enable everything possible in Web3 and more.”

In other developments, Dogecoin Foundation engineer Ed Tubbs revealed that the network is adopting Trusted Execution Environment (TEE) support. TEEs are special areas in a processor that keep important tasks separate from the rest of the device. This helps protect against malware and other security threats.

Analyst Predicts 37x DOGE Rally as Fundamentals Grow

In a recent X post, crypto analyst Dima Potts shared that Dogecoin has experienced exponential rallies every time it has crossed a significant resistance trendline in the past. Drawing from previous cycles that saw surges of 83x and 183x, respectively, the analyst forecasts a cautious 37x rally in the current cycle. By late 2025, the token’s price might reach approximately $11.71 as a result.

The bullish sentiment can be attributed to growing fundamentals. For instance, the Rex-Osprey DOJE ETF has reported consistent inflows since its debut. It crossed the $20 million mark, signaling robust investor appetite from U.S. markets.

Meanwhile, 21Shares recently listed its DOGE ETF (TDOG) on the DTCC platform. This is an early step toward formal approval and potential mainstream exposure.

Adding to the momentum, reports suggest that Elon Musk’s lawyer, Alex Spiro, is spearheading a $200 million Dogecoin Treasury initiative under the House of Doge banner. They aim at creating an official vehicle for institutional DOGE holdings.